01-01-1970 12:00 AM | Source: Kedia Advisory
JPYINR trading range for the day is 68.15-69.21 - Kedia Advisory
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USDINR

USDINR trading range for the day is 74.58-75.76.

USDINR gained to eight months high amid a rapid increase in second-wave of coronavirus cases

USDINR rallied as record cases and a possible lockdown in the western state of Maharashtra, home to Mumbai, hurt sentiment.

Weighing on the region's markets were expectations of a further rise in U.S. yields on a likely strong reading for U.S. consumer inflation for March

 

EURINR

EURINR trading range for the day is 88.79-90.03.

Euro gained supported by weakness in Rupee after prices seen some pressure as Germany's industrial production decreased unexpectedly in February

ECB's Lagarde: - Markets are aware of ECB's intentions and in the second half of 2021, the recovery will be fast

ECB's Lagarde: If needed, we will stretch or widen PEPP

 

GBPINR

GBPINR trading range for the day is 102.16-104.16.

GBP remained supported to due weakness in rupee and the "stage two" of lifting lockdown began in England.

The UK construction sector grew at the fastest pace since 2014 in March

UK house price inflation accelerated sharply in March to its highest level in four months

 

JPYINR

JPYINR trading range for the day is 68.15-69.21.

JPY gained due to weakness in Rupee after some pressure as investors retreated with rising coronavirus infection rates locally

Japan producer prices rise for 1st time in 13 months

Overall bank lending in Japan was up 6.3 percent on year in March, the Bank of Japan said - coming in at 579.994 trillion yen

 

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